ACCREDITED INVESTORS INC.

Filed: 8/8/2025ACC: 0001518364-25-000005

📋 What this filing means

ACCREDITED INVESTORS INC. filed this quarterly 13F‑HR report disclosing 239 equity positions with a total reported market value of $1.69B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

239

Positions

$1.69B

Total AUM (reported)

21M

Total Shares

Allocation by class

COM$242.13M14.3%

INTL SMCP VLU$197.57M11.7%

CORE S&P MCP ETF$126.58M7.5%

CL A$118.40M7.0%

US BRD MKT ETF$116.38M6.9%

VALUE ETF$83.65M4.9%

CORE S&P500 ETF$80.03M4.7%

Portfolio Concentration

Top 3$440.53M26.0%

4–10$483.98M28.6%

11–25$448.73M26.5%

Rest$317.92M18.8%

Top 3 weight

26.0%

Top 10 weight

54.7%

Voting Authority Distribution

Total shares with voting rights: 21M

Sole

Full voting authority

19.78M

% of voting shares94.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.22M

% of voting shares5.8%

Investment Discretion (by position count)

Sole239

Shared0

Other0

Dominant voting typeSole · 94.2% of voting shares

Institutional Holdings239

Rows:

AMERICAN CENTY ETF TR

SOLE

INTL SMCP VLU

Shares2.49M

TypeSH

Market value$197.57M

11.68%

Sole

2.36M

Shared

0.00

None

130K

ISHARES TR

SOLE

CORE S&P MCP ETF

Shares2.04M

TypeSH

Market value$126.58M

7.49%

Sole

1.92M

Shared

0.00

None

118.32K

SCHWAB STRATEGIC TR

SOLE

US BRD MKT ETF

Shares4.88M

TypeSH

Market value$116.38M

6.88%

Sole

4.58M

Shared

0.00

None

300.73K

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares473.27K

TypeSH

Market value$83.65M

4.95%

Sole

436.89K

Shared

0.00

None

36.38K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares128.90K

TypeSH

Market value$80.03M

4.73%

Sole

125.64K

Shared

0.00

None

3.26K

UNITED PARCEL SERVICE INC

SOLE

CL B

Shares783.70K

TypeSH

Market value$79.11M

4.68%

Sole

783.70K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE S&P SCP ETF

Shares675.78K

TypeSH

Market value$73.86M

4.37%

Sole

630.52K

Shared

0.00

None

45.26K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL A

Shares79.00

TypeSH

Market value$57.58M

3.40%

Sole

79.00

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE ETF

Shares629.91K

TypeSH

Market value$56.31M

3.33%

Sole

620.46K

Shared

0.00

None

9.45K

AMAZON COM INC

SOLE

COM

Shares243.66K

TypeSH

Market value$53.46M

3.16%

Sole

102.70K

Shared

0.00

None

140.97K

ROBLOX CORP

SOLE

CL A

Shares505.94K

TypeSH

Market value$53.22M

3.15%

Sole

505.94K

Shared

0.00

None

0.00

ISHARES TR

SOLE

RUSSELL 2000 ETF

Shares228.40K

TypeSH

Market value$49.29M

2.91%

Sole

225.29K

Shared

0.00

None

3.11K

APPLE INC

SOLE

COM

Shares227.67K

TypeSH

Market value$46.71M

2.76%

Sole

220.94K

Shared

0.00

None

6.74K

SPDR SERIES TRUST

SOLE

PRTFLO S&P500 VL

Shares788.48K

TypeSH

Market value$41.27M

2.44%

Sole

758.78K

Shared

0.00

None

29.71K

ISHARES TR

SOLE

RUS 1000 GRW ETF

Shares92.95K

TypeSH

Market value$39.47M

2.33%

Sole

91.03K

Shared

0.00

None

1.92K

ISHARES TR

SOLE

RUS MD CP GR ETF

Shares206.23K

TypeSH

Market value$28.60M

1.69%

Sole

201.51K

Shared

0.00

None

4.72K

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EUROPE ETF

Shares357.76K

TypeSH

Market value$27.73M

1.64%

Sole

334.50K

Shared

0.00

None

23.26K

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares202.56K

TypeSH

Market value$26.03M

1.54%

Sole

190.79K

Shared

0.00

None

11.77K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares51.46K

TypeSH

Market value$25.00M

1.48%

Sole

49.44K

Shared

0.00

None

2.02K

SCHWAB STRATEGIC TR

SOLE

FUNDAMENTAL US S

Shares800.01K

TypeSH

Market value$22.92M

1.36%

Sole

759.07K

Shared

0.00

None

40.94K

VANGUARD TAX-MANAGED FDS

SOLE

VAN FTSE DEV MKT

Shares364.21K

TypeSH

Market value$20.76M

1.23%

Sole

361.46K

Shared

0.00

None

2.75K

MICROSOFT CORP

SOLE

COM

Shares39.13K

TypeSH

Market value$19.46M

1.15%

Sole

38.80K

Shared

0.00

None

328.00

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares26.67K

TypeSH

Market value$16.48M

0.97%

Sole

26.07K

Shared

0.00

None

595.00

AUTOMATIC DATA PROCESSING IN

SOLE

COM

Shares52.20K

TypeSH

Market value$16.10M

0.95%

Sole

52.19K

Shared

0.00

None

11.00

ISHARES TR

SOLE

EAFE VALUE ETF

Shares247.20K

TypeSH

Market value$15.69M

0.93%

Sole

241.66K

Shared

0.00

None

5.54K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
AMERICAN CENTY ETF TRSOLE	INTL SMCP VLU	2.49M	SH	$197.57M 11.68%	2.36M	130K
ISHARES TRSOLE	CORE S&P MCP ETF	2.04M	SH	$126.58M 7.49%	1.92M	118.32K
SCHWAB STRATEGIC TRSOLE	US BRD MKT ETF	4.88M	SH	$116.38M 6.88%	4.58M	300.73K
VANGUARD INDEX FDSSOLE	VALUE ETF	473.27K	SH	$83.65M 4.95%	436.89K	36.38K
ISHARES TRSOLE	CORE S&P500 ETF	128.90K	SH	$80.03M 4.73%	125.64K	3.26K
UNITED PARCEL SERVICE INCSOLE	CL B	783.70K	SH	$79.11M 4.68%	783.70K	0.00
ISHARES TRSOLE	CORE S&P SCP ETF	675.78K	SH	$73.86M 4.37%	630.52K	45.26K
BERKSHIRE HATHAWAY INC DELSOLE	CL A	79.00	SH	$57.58M 3.40%	79.00	0.00
ISHARES TRSOLE	MSCI EAFE ETF	629.91K	SH	$56.31M 3.33%	620.46K	9.45K
AMAZON COM INCSOLE	COM	243.66K	SH	$53.46M 3.16%	102.70K	140.97K
ROBLOX CORPSOLE	CL A	505.94K	SH	$53.22M 3.15%	505.94K	0.00
ISHARES TRSOLE	RUSSELL 2000 ETF	228.40K	SH	$49.29M 2.91%	225.29K	3.11K
APPLE INCSOLE	COM	227.67K	SH	$46.71M 2.76%	220.94K	6.74K
SPDR SERIES TRUSTSOLE	PRTFLO S&P500 VL	788.48K	SH	$41.27M 2.44%	758.78K	29.71K
ISHARES TRSOLE	RUS 1000 GRW ETF	92.95K	SH	$39.47M 2.33%	91.03K	1.92K
ISHARES TRSOLE	RUS MD CP GR ETF	206.23K	SH	$28.60M 1.69%	201.51K	4.72K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EUROPE ETF	357.76K	SH	$27.73M 1.64%	334.50K	23.26K
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	202.56K	SH	$26.03M 1.54%	190.79K	11.77K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	51.46K	SH	$25.00M 1.48%	49.44K	2.02K
SCHWAB STRATEGIC TRSOLE	FUNDAMENTAL US S	800.01K	SH	$22.92M 1.36%	759.07K	40.94K
VANGUARD TAX-MANAGED FDSSOLE	VAN FTSE DEV MKT	364.21K	SH	$20.76M 1.23%	361.46K	2.75K
MICROSOFT CORPSOLE	COM	39.13K	SH	$19.46M 1.15%	38.80K	328.00
SPDR S&P 500 ETF TRSOLE	TR UNIT	26.67K	SH	$16.48M 0.97%	26.07K	595.00
AUTOMATIC DATA PROCESSING INSOLE	COM	52.20K	SH	$16.10M 0.95%	52.19K	11.00
ISHARES TRSOLE	EAFE VALUE ETF	247.20K	SH	$15.69M 0.93%	241.66K	5.54K

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